Tue, Jun 10, 8:51 PM (2 days ago)
**Summary of Quaint Oak Bancorp, Inc. (QNTO) 10-K/A for FY 2024** **Company Overview:** Quaint Oak Bancorp, Inc. (QNTO) is a smaller reporting company based in Pennsylvania. The amendment focuses on correcting omissions in the original 10-K filing, specifically items 9B, 10, and 11. **Key Points:** - **Market Position:** As of June 30, 2019, the aggregate market value of common stock held by non-affiliates was $16,948,450 (1,996,688 shares outstanding less 673,624 shares held by affiliates at $12.81 per share). As of March 25, 2025, 2,627,323 shares of common stock were outstanding. - **Corporate Governance:** The company has adopted a Code of Conduct and Ethics, as well as insider trading policies. The information required for Items 10 and 11 is incorporated by reference from the Proxy Statement for the 2025 Annual Meeting of Shareholders. - **Executive Compensation:** Equity awards are discretionary and granted by the Compensation Committee. No stock options were awarded in 2024. The company does not time the disclosure of material nonpublic information to affect the value of executive compensation. - **Amendment Details:** The amendment corrects omissions related to Items 408(a), 408(b), and 402(x) of Regulation S-K. No changes were made to the financial information or other disclosures in the original 10-K. - **Certifications:** New certifications by the principal executive officer and principal financial officer are included as exhibits. **Future Outlook and Risk Factors:** The amendment does not reflect events that occurred subsequent to the filing date of the original 10-K. Therefore, no new insights into future outlook or risk factors are provided.